OB-A Introduction

OB-A.1 Purpose

OB-A.1.1

This Module sets out the Central Bank of Bahrain's (CBB's) Directive relevant to ancillary service providersG providing either or both of the following regulated services defined in the Ancillary Services Authorisation Module of the CBB Rulebook Volume 5 in the Kingdom of Bahrain:

OB-A.1.2

This Module should be read in conjunction with the requirements in other parts of the CBB Rulebook, Volume 5, applicable to specialised licenseesG particularly:

(c) Ancillary Service Providers Authorisation Module;

(d) Principles of Business Module;

(e) General Requirements Module;

(f) CBB Reporting Requirements Module

(g) Auditors and Accounting Standards Module;

(h) Financial Crime Module; and

(i) Enforcement Module.

Added: December 2018

Legal Basis

OB-A.1.3

This Module contains the CBB's Directive (as amended from time to time) applicable to ancillary services providersG undertaking account information servicesG or payment initiation servicesG , and is issued under the powers available to the CBB under Article 38 of the CBB Law.

Added: December 2018

OB-A.1.4

For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.

Added: December 2018

OB-A.2 Module History

OB-A.2.1

This Module was first issued in November 2018. It is numbered as version 01. All subsequent changes to this Module are annotated with a sequential version number. UG-3 provides further details on Rulebook maintenance and version control.